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CWG
Imbroglio: Emaar-MGF's Rs.183-cr bank guarantee confiscated
Wednesday, October 20, 2010 07:50:44 PM,
IANS
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New Delhi:
The central government Wednesday confiscated Rs.183-crore bank
guarantee from Emaar-MGF, a day after the Delhi Development
Authority (DDA) came out with findings of irregularities by tne
builder in the construction of Commonwealth Games Village.
According to a source in the urban development ministry, the
amount was provided by the builder as bank guarantee. The DDA will
now take legal action against Emaar-MGF for the recovery of
expenditure above the guarantee, the source added.
After union Urban Development Minister S. Jaipal Reddy asked for a
report from the DDA Oct 7 on the issue, the housing agency
submitted an interim report to the ministry that there were
"irregularities" and "deficiencies" in the work done by the
company, the source in the ministry said.
The 1,168 flats in the Games Village were constructed at a cost of
over Rs.1,000 crore and the project was delayed. The work to
maintain cleanliness in the Village continued even after athletes
and delegates started arriving for the Games.
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